News

U.S. Construction Spending Rising Faster Than Expected
2/6/2012

According to a report from Bloomberg, December construction
spending in America increased at its fastest pace in four months. Bloomberg
experts say the statistic is signal that the construction industry is
stabilizing. Building outlays increased 1.5 percent, the biggest gain since
August, according to the U.S. Commerce Department. The median estimate of 51
economists in a Bloomberg survey called for a 0.5 percent rise.